SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 22, 2021

2. SEC Identification Number

39274

3. BIR Tax Identification No.

000-506-020-000

4. Exact name of issuer as specified in its charter

AC Energy Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

4th Floor, 6750 Office Tower, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7730 6300

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	13,692,457,210
Amount of Debt Outstanding 3Q 2020 (in billions)	31.17

11. Indicate the item numbers reported herein

N/A

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

AC Energy CorporationACEN

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
(1) Matters taken up at the special board meeting held today, 22 January 2021, via video conferencing, and (2) Preliminary binding agreements with Solar Philippines Power Project Holdings, Inc. and Provincia Investments Corporation
Background/Description of the Disclosure
(1) At its meeting held today, the Board of Directors of the Company approved the following: a. The proposed joint venture with Solar Philippines Power Project Holdings, Inc. (“SP”) for the development and construction of solar projects in the Philippines; b. The subscription by the Company to primary shares, and purchase of secondary shares from SP, in Solar Philippines Central Luzon Corp. (“SPCLC”), and the grant of authority to SPCLC to participate in biddings for electricity supply; c. The sharing of the Company’s credit facilities with its wholly-owned subsidiary, Santa Cruz Solar Energy, Inc. (“SCSEI”) to enable SCSEI to participate in biddings for electricity supply; d. The lease of land in Alaminos, Laguna from Crimson Field Enterprises, Inc. and Red Creek Properties Inc. (subsidiaries of Ayala land, Inc.) for the Company’s Eco-Learning Hub; and e. The setting of the schedule of the Company’s Annual Stockholders’ Meeting to 19 April 2021 at 9:00 A.M., and the grant of authority to conduct a fully virtual or a combined virtual and in-person meeting, subject to applicable rules and regulations of the Securities and Exchange Commission and such other relevant rules and procedures as may be determined by the Chairman of the Board. (2) The Company signed today, 22 January 2021, preliminary binding agreements with SP and its affiliate Provincia Investments Corporation for possible joint ventures to develop solar power projects in the Philippines.
Other Relevant Information
This disclosure was amended to include the signing of the preliminary binding agreements among the Company, SP, and its affiliate Provincia Investments Corporation.